Ofgem investigation into price hike

Gas industry regulator Ofgem will this week publish the results of an investigation into the price hike that has hammered industrial gas users this year. The recommendations are likely to include changes to the system for auctioning capacity in the national transmission network operated by Transco. High bids in the six-monthly auction in March – […]

Gas industry regulator Ofgem will this week publish the results of an investigation into the price hike that has hammered industrial gas users this year. The recommendations are likely to include changes to the system for auctioning capacity in the national transmission network operated by Transco. High bids in the six-monthly auction in March – which gave Transco £83m more than it is entitled to – were identified as the catalyst for the price increases.